California Library Supply and Sublicense Agreement
Description
How to fill out Library Supply And Sublicense Agreement?
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FAQ
A sublicense agreement is a legal document that outlines the terms and conditions where one business owner allows another party to use their intellectual property. The original business owner, or licensor, often has the exclusive right to license specific intellectual property for a certain period of time.
Sublicensee means any permitted sublicensee of the rights granted Company under this Agreement, as further described in Section 2.2. License means any Copyright License, Patent License, Trademark License or other license of rights or interests now held or hereafter acquired by any Credit Party.
A transfer is different from a sublicense, since once a license is transferred, the original licensee loses the right to use the license unless it receives a ?license back? from the transferee ? which is essentially a new sublicense from the transferee to the original licensee.
If the license is an exclusive license, it generally includes a right to grant sublicenses because the licensee is paying for the ability to control the technology in the market. In the case of non-exclusive licenses, however, the licensee may or may not have the right to grant sublicenses.
1. a license or contract granted to a third party by a licensee for specified rights or uses of a product, brand name, logo, etc. transitive verb. 2. to grant a sublicense for.
Sublicensable means, with respect to a Patent licensed or sublicensed to a Party or any of its Subsidiaries (as applicable, the "SUBLICENSOR"), a Patent as to which, and only to the extent and for such time as, and subject to the conditions under which, the Sublicensor has the right to grant licenses or sublicenses, ...
The issue here is that with a sublicense, the person sublicensing it keeps a license right, therefore effectively creating two licensees. With an assignment, only one right is assigned, and the assignee is the one who has possession of the license.
